Economics

US: Sales of existing US homes climbed 10% in October, as Americans rushed to take advantage of tax credit and lower mortgage rates. Purchases rose more than forecast to a 6.1 million annual rate from a 5.54 million pace in September
US: The Chicago Fed National Activity Index was -1.08 in October, down slightly from -1.01 in September. A decline in the contribution of production and income indicators offset small improvements in the other three broad categories of indicators that make up the index.
EU: Europe’s services and manufacturing industries expanded at the fastest pace in two years.The composite index based on a survey of purchasing managers in both industries in the 16-nation euro area rose to 53.7 from 53 in October